Swedish fashion chain Hennes & Mauritz AB on Thursday reported a 21 percent rise in fourth-quarter net profit, as new store openings helped it defy the weak market.
Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter profit as mobile operators slashed spending.

Ten subway stops from downtown Stockholm is "little Mogadishu," a drab suburb of the Swedish capital where radical Islamists are said to be recruiting the sons of Somali immigrants for jihad in the Horn of Africa.
Mobile phone maker Sony Ericsson on Friday said its loss in the fourth quarter narrowed 9 percent from a year ago to euro167 million ($235 million), as improved margins and lower costs offset a slump in sales.
Sweden hockey coach Bengt-Ake Gustafsson will quit at the end of the season, but remain for the Vancouver Olympics.
Sweden's Royal Academy of Sciences has awarded American scientist Walter Munk the 2010 Crafoord Prize in Geosciences for his research on ocean circulation.

An Iran Air-owned Airbus bound for Tehran slid off a Stockholm runway on Saturday, but no one was hurt, a Swedish airport official said.
As a Weight Watchers group gathered for a routine weigh-in, the dieters got an idea of how far they still had to go: The floor underneath them collapsed, a Swedish newspaper reports.
Swedish truckmaker AB Volvo on Friday said its chairman Finn Johnsson is leaving his post with immediate effect and will be replaced by Louis Schweitzer, the current chairman of drug maker AstraZeneca.
A group of Swedish citizens accused by Iran of terrorism and other crimes demanded Wednesday that their names be removed from Interpol's most-wanted list, and criticized the international police agency for honoring politically motivated requests.
Former NHL MVP Peter Forsberg is on defending champion Sweden's Olympic squad for the Vancouver Games.

A giant straw goat was burned down yet again early Wednesday in a Swedish city where torching it has become a Christmas tradition, to the dismay of local leaders.

In a final attempt to rescue Saab Automobile AB, Dutch auto maker Spyker Cars on Sunday submitted a new offer to buy the Swedish brand from General Motors Co.
A Swedish court has sentenced two North Korean diplomats to eight months in prison for trying to smuggle cigarettes into the Nordic country.

General Motors Co. is in talks to sell parts of Saab Automobile's old technology to a Chinese company and the entire brand to another buyer, a person familiar with the negotiations said Sunday.

Tiger Woods' wife bought a six-bedroom house on a small island near Stockholm that is reachable only by boat.

A record five women were among the 13 people awarded Nobel Prizes on Thursday, including a writer who depicted life behind the Iron Curtain and two American researchers who showed how chromosomes protect themselves from degrading.

Scandinavian officials said Thursday that the Nobel Peace Prize medal and diploma confiscated by Iran from laureate Shirin Ebadi have been returned, but that her situation remains a "serious concern."

The 2009 Nobel literature prize winner Herta Mueller said Monday she started writing when it was no longer possible to use spoken words to describe the despicable events in her native Romania under the dictatorship of Nicolae Ceausescu.

Intellectual freedom, independent research and frequent coffee breaks with colleagues helped this year's Nobel Prize winners make their groundbreaking scientific discoveries.

The two female winners of this year's Nobel Prize in medicine on Sunday urged scientific institutions to change their career structures to help more women reach top positions.

A Stockholm department store on Saturday removed a new line of North Korean-made designer jeans from its shelves, saying it wants to avoid courting controversy through ties with the isolated communist nation.
North Korea is making an unlikely foray into designer denim as the "Noko Jeans" label is launched in Sweden.
Officials from Saab Automobile AB and the Swedish government traveled to Detroit Monday in a final attempt to help General Motors Co. find a solution for the troubled Swedish auto maker.
